GCC economies poised to grow 2.6% in 2021: World Bank
The report mentioned that the growth will continue in 2022...
Tag : OPEC
Kuwait backs OPEC+ plan to increase oil output
OPEC+ announced a monthly increase of 400,000 barrels to ensure the oil supply balance in the global market...
Oil prices dip as OPEC+ agrees to gradual output hikes
Brent crude was down by 0.2%, at $71.43 a barrel on Thursday...
PowerChina to build its first solar power plants in Iraq
The company signed an agreement with Iraq’s Ministry of Electricity...
Saudi Arabia registers 20% drop in crude oil export in H1 2021
The output at oil refineries stood at 2.43 mn bpd during the first six months...
Exxon makes new discovery at Whiptail in the Stabroek Block offshore Guyana
The Whiptail discovery is located approximately 4 miles southeast of the Uaru-1 discovery...
Oil prices decrease as Chinese crude import sends warning signals
Experts warn if OPEC does not agree to raise supplies, high oil prices will lead to demand destruction...
Oil prices soar to a three year high as OPEC+ abandons meeting without a deal
Several days of negotiations could not resolve a dispute between Saudi Arabia and the UAE...
UAE to become the first major oil exporter to target net-zero by 2050
The UAE announced its plan before its meeting at the Glasgow climate summit and it could achieve its target while continuing to sell oil and gas...
Brent oil prices to pick up to $47 per barrel in 2021: IIF
Higher global oil inventory levels and surplus crude oil production capacity to limit upward pressure on oil prices...